Can I retire at age 64 with 449,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $449,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$37,078$36,748$36,426$36,111$35,804$35,153
2 years$18,355$18,014$17,682$17,361$17,049$16,396
3 years$12,115$11,772$11,442$11,123$10,817$10,181
4 years$8,996$8,654$8,327$8,014$7,715$7,102
5 years$7,125$6,785$6,462$6,155$5,865$5,276
6 years$5,878$5,540$5,222$4,922$4,640$4,077
7 years$4,987$4,653$4,340$4,047$3,774$3,236
8 years$4,320$3,988$3,680$3,395$3,131$2,618
9 years$3,801$3,472$3,170$2,892$2,637$2,148
10 years$3,386$3,061$2,764$2,493$2,247$1,783
11 years$3,047$2,725$2,433$2,169$1,932$1,492
12 years$2,765$2,446$2,159$1,903$1,674$1,258
13 years$2,526$2,210$1,929$1,680$1,460$1,066
14 years$2,321$2,009$1,733$1,491$1,280$908
15 years$2,144$1,835$1,565$1,330$1,127$776
16 years$1,989$1,684$1,419$1,191$996$666
17 years$1,853$1,551$1,291$1,070$883$572
18 years$1,732$1,433$1,179$964$785$493
19 years$1,623$1,328$1,079$871$700$426
20 years$1,526$1,234$990$789$625$368
21 years$1,438$1,149$911$716$559$319
22 years$1,358$1,073$839$651$501$277
23 years$1,285$1,004$775$593$450$240
24 years$1,219$940$717$541$405$209
25 years$1,158$882$664$494$364$182
26 years$1,101$829$616$452$328$158
27 years$1,049$780$572$413$296$138
28 years$1,001$735$532$379$267$120
29 years$956$694$495$347$241$104
30 years$914$655$461$319$218$91
31 years$875$619$430$293$197$79
32 years$838$586$401$269$178$69
33 years$804$555$374$247$161$60
34 years$772$526$350$228$146$53
35 years$742$499$327$210$132$46
36 years$713$474$306$193$120$40
37 years$686$450$286$178$108$35
38 years$661$427$268$164$98$31
39 years$637$406$251$151$89$27
40 years$614$387$235$139$81$23
41 years$592$368$221$129$73$20
42 years$572$351$207$119$67$18
43 years$552$334$194$110$60$16
44 years$533$318$182$101$55$14
45 years$516$304$171$93$50$12
46 years$499$290$161$86$45$10
47 years$483$276$151$80$41$9
48 years$467$264$142$74$37$8
49 years$452$252$133$68$34$7
50 years$438$241$125$63$31$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $449,000, adding $6,657 every year, while hoping to spend $43,397 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/30/29 Blend
63$449,000$449,000$449,000$449,000
64$501,665$477,868$470,908$517,731
65$506,660$455,109$440,510$507,228
66$510,711$429,781$407,638$491,332
67$513,675$401,711$372,165$473,305
68$515,393$370,719$333,956$452,978
69$515,691$336,611$292,871$430,171
70$514,372$299,186$248,763$404,687
71$511,220$258,228$201,479$376,314
72$505,995$213,512$150,858$344,825
73$498,429$164,797$96,735$309,975
74$488,228$111,831$38,935$271,497
75$475,064$54,347$0$229,106
76$458,573$0$0$189,531
77$438,355$0$0$161,333
78$413,964$0$0$149,156
79$384,908$0$0$134,835
80$350,643$0$0$118,123
81$310,568$0$0$98,746
82$264,015$0$0$76,403
83$210,250$0$0$50,760
84$148,459$0$0$21,448
85$77,744$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0